The global manufacturing index declined in July, and the EU’s economic decline was in front of it.

Recently, major economies in the world have announced the latest data of the manufacturing PMI in July. The data shows:
The global manufacturing PMI in July was 51.1, a decrease of 1.1 percentage points from the previous month. The dry line; the Chinese manufacturing index dropped from 50.2 last month to 49; the comprehensive PMI in the United States in July also shrunk to 47.5, a significant decline from 52.3 in June. The overall situation shows the situation that “Europe and Latin America are weak, Asian differentiation, and strong North America.”

At present, Germany, the largest economy in the euro zone, is deeply trapped in the quagmire, and the retail sales in June have the biggest decline. UBS analysts said that the GDP of the euro zone will shrink by 6%by the end of next year. At the same time, inflation is still rising. Therefore, the European Central Bank (ECB) had to take interest rate hikes to increase the benchmark interest rate 50 basis points. confidence. The euro zone is now in a predicament. On the one hand, the epidemic and energy crisis causes economic continuity; on the other hand, in the face of the high inflation rate, the EU has to continue to raise interest rates, shrink finances, and suppress investment. At present, European countries have not found a feasible solution, but the economic recession has been in front of it, leaving them much.